Gucci Settles Excessive Fee Suit
The company will pay $1.2 million, of which, $395,000 goes to class counsel.
Tag: retirement plan litigation
Appeals Court Again Cites Dudenhoeffer in Rejecting Stock Drop Suit
The decision out of the 8th Circuit ties together the influential Supreme Court decisions known as Fifth Third v. Dudenhoeffer...
In Sequoia Fund Lawsuit, Documented Process Saves Plan Fiduciaries
A federal court found plan fiduciaries acted with loyalty and prudence, and that plaintiffs failed to show the failure to...
Settlement of MFS Excessive Fee Suit Includes Plan Design Changes
MFS has also agreed to pay $6,875,000 into a qualified settlement fund to resolve the claims of the court-approved class.
Supreme Court Takes on Intel Case About ‘Actual Knowledge’
The investment committee for two Intel Corporation retirement plans asked the court to determine whether the provision of plan documents,...
PSNC 2019: The Lessons From Litigation
Retirement plan sponsors can learn best practices from looking at the claims filed against their peers and the outcomes of...
IBM Stock Drop Case Makes Its Way to Supreme Court
A district court determined the plaintiffs did not plausibly plead a violation of ERISA’s duty of prudence, because a prudent...
Archdiocese of San Juan Asks Supreme Court to Weigh In on Pension Plan Judgement
The Archdiocese says since it was ordered to pay $4.7 million to teachers whose pension plan was terminated, officials have...
403(b) Participants Denied Second Attempt to Sue Georgetown University
A federal court judge found that participants in two retirement plans sponsored by Georgetown University filed their motion for leave...
Supreme Court Denies Chevron Stable Value ERISA Litigation Review
Specifically, the petition for writ of certiorari asked the Supreme Court to answer the question: “In pleading a breach of...
Severance Agreement Bars Former Employee From Suing Over ESOP
A federal court judge cited a 5th U.S. Circuit Court of Appeals decision in Chaplin v. NationsCredit Corp. that concluded,...
An ERISA Litigation Conversation with Jerry Schlichter
Retirement plan investment and recordkeeping fees have fallen in the last 10 years, but ERISA litigator Jerry Schlichter says there...
Supreme Court Sees Four Appeals of ERISA Cases
ERISA attorney Marcia Wagner gives her take on the retirement plan lawsuits that have recently been appealed to the Supreme...
Small 401(k) Plan Faces Excessive Fee Lawsuit
The less than $250 million plan is accused of failing to employ a prudent and loyal process in evaluating investment...
Amended Complaint Coming in Neuberger Berman ERISA Suit
The judge determined that the plaintiffs’ allegations sufficiently suggest the prospect that a fiduciary breach occurred, and as a result...
Lawsuit Over KRS Hedge Fund Investments Being Pushed and Pulled in Court
A Kentucky appeals court reversed a lower court’s ruling that the beneficiaries of the Kentucky Retirement System (KRS) had standing...
Third-Party Litigation Funders and ERISA Suits
ERISA attorneys say it is not common to see third parties providing financial support to litigants in the retirement plan...
Former Hospital Employees Sue Archdiocese Over Pension Plan
The case is similar to other cases that have been filed on the federal level challenging a pension’s “church plan”...
Eaton Vance Self-Dealing Lawsuit Settled
Though the contention in the lawsuit was over Eaton Vance’s use of mostly proprietary funds in its 401(k) plan, the...
Appellate Court Revives UPenn 403(b) Lawsuit
However, in a dissenting opinion, Senior Judge Jane Richards Roth says cases such as this one should be carefully scrutinized...